SIA BREAKS 5 YEAR DOWNTRENDSingapore Airlines broke the long term downtrend that started in Aug 2015 with a close at $5.70 surpassing our target at $5.46.
PIVOT 5.27
Long positions above 5.27 target 5.75 and 7.05
Short positions below 5.27 target 4.91 and 4.63
Long Term UPTREND since 190321
Medium Term UPTREND since 161120
Short term UPTREND since 051120
Airlines
JETS Ready to Breakout!!If you have been playing the return of tourism, then you have likely done well already. Really, only the airlines have lagged as the rest of the sector has been making higher highs. So, earlier in the year tagging onto JETS, which is an airline exposed ETF, we did well being late to the rush. Now still holding long, we are ready for a breakout and profit targets to come if and when it does. If this high cannot break, we hold still.
Air Canada - Take Profit Zone?RSI just reached overbought territory on the weekly.
Some cooldown can be expected, how low can it dip though really?
AC is part of the troubled AirLine sector that recently has shared some decently bullish news, at least AC itself has better financials than some other airlines and is likely one that is going to be around for a long time.
Currently has seen a nice upswing in price with tremendous growth in volume.
Different support levels indicated for possible re-entries. Could see $36+ later this year, time to set up!
Recovery stock? Only temporaryBe careful with AAL.
While everyone is hunting for "recovery stocks" this may only be temporary in the case of American Airlines.
AAL has been in a down trending channel since 2018, when trade tensions were at peak and oil prices were rising. Things aren't very different today with a potential strong recovery of oil prices. AAL usually gets hit hardest because they burn their cash fastest compared to their competitors. While management seems serious about trying to turn things around, not sure this stock is going to see "all time highs" any time soon.
There is an upside of 26% - 40% here, but if I were in AAL I'd play with tight stop loss limits because that downside to the bottom of the channel is not far from the covid crash and nearly 50% down.
Good luck.
MESA Airline stocks endured a miserable 2020 due to the pandemic, but Mesa is not a typical airline. The company operates small planes under contracts with larger partners. In Mesa's case, that means it flies primarily for American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Deutsche Post (OTC: DPSGY) DHL. The fee-for-service model has helped insulate Mesa from some of the losses its larger partners have faced during the pandemic. Mesa last week surprised investors with a fiscal first-quarter profit that exceeded expectations, causing the stock to gain altitude.
UALShares of United Airlines Holdings Inc. UAL, +2.56% rose 1.20% to $53.31 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -1.31% rising 2.38% to 3,901.82 and the Dow Jones Industrial Average DJIA, -0.39% rising 1.95% to 31,535.51. This was the stock's second consecutive day of gains. United Airlines Holdings Inc. closed $10.22 short of its 52-week high ($63.53), which the company reached on March 3rd.
The stock outperformed some of its competitors Monday, as Southwest Airlines Co. LUV, +0.02% fell 0.12% to $58.06, Delta Air Lines Inc. DAL, +0.25% rose 0.25% to $48.06, and American Airlines Group Inc. AAL, +3.40% rose 1.15% to $21.18. Trading volume (19.4 M) eclipsed its 50-day average volume of 14.7 M.
JetBlue To Retest 5 Year HighAs you can tell by this monthly chart. JetBlue is absolutely primed to makr the next run up and break through the 5 yr down trend that has plagued the firm. With covid restricting travel, as restrictions ease up people will only fly more, and after not being able to for a while, they will flock in large numbers. MaCD bullish cross. If we do not break the 5 yr resistance heading back down to $15 range
United Air lineBased on analysts offering 12 month price targets for UAL in the last 3 months. The average
price target is $48.91 with a high estimate of $62 and a low estimate of $32.
Analyst Firms Making Recommendations
B OF A GLBL RES
BARCLAYS CAPITA
BERENBERG BANK
CITIGROUP
COWEN & COMPANY
DEUTSCHE BK SEC
EVERCORE ISI
EXANE BNP PARIB
GOLDMAN SACHS
JEFFERIES & CO.
JP MORGAN SECUR
MORGAN STANLEY
RAYMOND JAMES
SANFORD BERNSTE
SEAPORT GLOBAL
STIFEL NICOLAUS
SUSQUEHANNA
UBS
VERTICAL RESEAR
WOLFE RESEARCH
*** at least there some insider bought
Insider Ownership Percentage: 0.40%
Insider Buying (Last 12 Months): $93,100.00
Insider Selling (Last 12 Months): $14,330,625.40
***Assets more than liabilities.
Period Ending: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Total Assets 59548 52611 49024 42346
Total Liabilities 53588 41080 38982 33612
Total Equity 5960 11531 10042 8734
Strong institutional ownership is an indication that hedge funds, large money managers
and endowments believe a company will outperform the market over the long term.
Well Institutional Ownership Percentage: 60 % 3ed in ranking
74% of South West air line shares are owned by institutional investors
73.1% of Alaska Air Group shares are owned by institutional investors
-60.9% of United Airlines shares are owned by institutional investors
-59.5% of Delta Air Lines shares are owned by institutional investors
--44.4% of American Airlines Group shares are owned by institutional investors
Mesa AirIncredible 300% increase over just a range of about 100 days. Earnings have been over expectation for the last two quarters and there is a dramatic increase in volume over the last week. The options market has started to increase as well with 10,000 Open interest for the $12 Call with the 19 Mar 21 exp. Looking to see how price reacts from this current high. Potential for retracement back towards $11 a share is in the spectrum of possibilities just as is it moving up towards $16 a share. Looking forward to seeing the coming weeks for Mesa Air group.
If we don't crash, this ticker has potential last leg up . ***Based on analysts offering 12 month price targets for ALK in the last 3 months.
The average price target is $62.57 with a high estimate of $74 and a low estimate of $54
Analyst Firms Making Recommendations
B OF A GLBL RES
COWEN & COMPANY
DEUTSCHE BK SEC
JP MORGAN SECUR
MORGAN STANLEY
RAYMOND JAMES
SEAPORT GLOBAL
STIFEL NICOLAUS
Selling over 1000% than buying !!!!
***Insider Ownership Percentage: 0.47%
Insider Buying (Last 12 Months): $70,357.93
Insider Selling (Last 12 Months): $948,422.63
Short volume is going down !!!
***Current Short Volume: 3,230,000 shares
Previous Short Volume: 5,510,000 shares
Change Vs. Previous Month: -41.38%
Dollar Volume Sold Short: $163.66 million
Short Interest Ratio / Days to Cover: 2.0
Last Record Date: January, 15 2021
Outstanding Shares: 123,340,000 shares
Float Size: 123,070,000 shares
Short Percent of Float: 2.62%
Today's Trading Volume: 1,547,225 shares
Average Trading Volume: 2,034,642 shares
Today's Volume Vs. Average: -23.96%
Strong institutional ownership is an indication that hedge funds, large money managers
and endowments believe a company will outperform the market over the long term
****73.1% of Alaska Air Group shares are owned by institutional investors
-60.9% of United Airlines shares are owned by institutional investors
-59.5% of Delta Air Lines shares are owned by institutional investors
--44.4% of American Airlines Group shares are owned by institutional investors